Pure Storage Inc (PSTG) stock: next quarter consensus estimate of $0.35

Pure Storage Inc (NYSE: PSTG) closed the day trading at $52.55 up 0.73% from the previous closing price of $52.17. In other words, the price has increased by $+0.38 from its previous closing price. On the day, 2204128 shares were traded.

Ratios:

For a better understanding of PSTG, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.41. For the most recent quarter (mrq), Quick Ratio is recorded 1.73 and its Current Ratio is at 1.76. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.18.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Citigroup on March 15, 2024, initiated with a Buy rating and assigned the stock a target price of $65.

On March 06, 2024, Needham started tracking the stock assigning a Buy rating and target price of $66.

TD Cowen reiterated its Outperform rating for the stock on February 29, 2024, while the target price for the stock was revised from $42 to $60.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 01 ’24 when FitzSimons Dan sold 36,437 shares for $53.80 per share. The transaction valued at 1,960,311 led to the insider holds 90,559 shares of the business.

Chu Mona sold 6,853 shares of PSTG for $381,438 on Mar 01 ’24. The Chief Accounting Officer now owns 133,100 shares after completing the transaction at $55.66 per share. On Dec 28 ’23, another insider, Krysler P. Kevan, who serves as the Chief Financial Officer of the company, sold 26,257 shares for $35.89 each. As a result, the insider received 942,364 and left with 444,021 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PSTG now has a Market Capitalization of 16.60B and an Enterprise Value of 15.34B. As of this moment, Pure’s Price-to-Earnings (P/E) ratio for their current fiscal year is 309.48, and their Forward P/E ratio for the next fiscal year is 28.91. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 17.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.87 while its Price-to-Book (P/B) ratio in mrq is 14.46. Its current Enterprise Value per Revenue stands at 5.42 whereas that against EBITDA is 72.51.

Stock Price History:

Over the past 52 weeks, PSTG has reached a high of $58.46, while it has fallen to a 52-week low of $22.14. The 50-Day Moving Average of the stock is 46.13, while the 200-Day Moving Average is calculated to be 38.64.

Shares Statistics:

Over the past 3-months, PSTG traded about 4.98M shares per day on average, while over the past 10 days, PSTG traded about 3.21M shares per day. A total of 304.08M shares are outstanding, with a floating share count of 295.38M. Insiders hold about 6.52% of the company’s shares, while institutions hold 83.89% stake in the company. Shares short for PSTG as of Feb 29, 2024 were 10.44M with a Short Ratio of 1.72, compared to 11.21M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.30% and a Short% of Float of 4.06%.

Earnings Estimates

Current recommendations for the stock of the company come from 18 analysts. On average, analysts expect EPS of $0.21 for the current quarter, with a high estimate of $0.26 and a low estimate of $0.18, while EPS last year was $0.08. The consensus estimate for the next quarter is $0.35, with high estimates of $0.41 and low estimates of $0.31.

Analysts are recommending an EPS of between $1.69 and $1.34 for the fiscal current year, implying an average EPS of $1.56. EPS for the following year is $1.83, with 18 analysts recommending between $2.16 and $1.55.

Revenue Estimates

A total of 17 analysts have provided revenue estimates for PSTG’s current fiscal year. The highest revenue estimate was $3.16B, while the lowest revenue estimate was $3.1B, resulting in an average revenue estimate of $3.13B. In the same quarter a year ago, actual revenue was $2.83B, up 10.50% from the average estimate. Based on 17 analysts’ estimates, the company’s revenue will be $3.52B in the next fiscal year. The high estimate is $3.78B and the low estimate is $3.36B. The average revenue growth estimate for next year is up 12.70% from the average revenue estimate for this year.

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